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A point system can select economically desirable
immigrants but it cannot prevent poor labor outcomes for immigrants

Restricting immigration to young and skilled
immigrants using a point system, as in Canada, Australia, and New Zealand,
succeeds in selecting economically desirable immigrants and provides
orderly management of population growth. But the point system cannot fix
short-term skilled labor shortages in a timely manner nor prevent poor labor
market outcomes for immigrants, since domestic employers can undervalue
schooling and work experience acquired abroad. Furthermore, the efficacy of
a point system can be compromised if unscreened visa categories receive
higher priority.